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2023-03-31-accounts

LandAid Charitable Trust Limited (Limited by Guarantee)

Annual Report and Consolidated Financial Statements for the year ended 31[st] March 2023

Company Number: 2049135 Charity Number: 295157

LandAid Charitable Trust Limited (Limited by Guarantee) DIRECTORS AND OFFICERS

Directors and Trustees: Neil Slater, Chairman Appointed 1/04/2022
Andrew Gulliford
Melanie Leech, CBE
Scott Parsons
Claire Milton
Susan Hickey
Gillian Bowen
Dan Hughes
Anna Stewart
Gemma Kataky Appointed 1/04/2022
Damian Wild Appointed 1/04/2022
David Partridge
Chief Executive: Paul Morrish
Charity Number: 295157
Company Number: 2049135
Registered Office and Principal
Address: St Albans House
5th Floor
57-59 Haymarket
London
SW1Y 4QX
Website: www.LandAid.org
Bankers: Bank of Scotland plc
33 Old Broad Street
London
BX2 1LB
Lloyds plc
98 Victoria Street
London
SW1E 5JL
Auditors: Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP
Legal Advisers: Bates Wells & Braithwaite LLP
2-6 Cannon Street
London
EC4M 6YH

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

2022-2023 – LANDAID’S YEAR AT A GLANCE

  1. It was a successful year, and we awarded grants totalling £1,423,035 during the year, providing 474 bedspaces towards our target.

  2. During the year our pro bono programme brokered 50 pro bono projects to the value of £440,868 (compared with 95 in 2021-22). A total of 167 businesses are now members of our pro bono network (compared with 150 in 2021-22).

  3. In response to the war in Ukraine, and with funds donated by our corporate supporters, we awarded 31 grants, totalling £145,325 to projects working with refugees here in the UK.

  4. Employment projects supported by LandAid worked with 131 young people, with 16 of those getting paid employment.

  5. We’ve been continuing to develop our social value calculator and have been using it as part of our grant assessment process.

  6. Gross income was £4,830,655 up 28.3% against budget, and up 31.8% against 2021-22.

  7. We ended the year with a total of 94 corporate partners, up by nine from the previous year. 8. We secured our highest value partnership to date, with CBRE, and delivered some exemplar strategic partnerships, which model the route towards significant income growth for the organisation, including with Lendlease, SEGRO, Savills and Landsec.

  8. Our events fundraising remained buoyant, with over £677,000 coming from our most successful SleepOut event ever. The LandAid 10k raised over £115,000, and our two virtual industry-wide events (Tour de LandAid and Steptober) raised between them a total of £175,000. LandAid received £504,500 of the funds raised by our close partner StreetSmart during their 2022 Christmas campaign (representing 65% of the total funds raised).

  9. We were able to strengthen the support we give our five Regional Boards, with income increasing by over 200% thanks to a significant increase in the number of regional events.

  10. We also established our newest Regional Board, in Scotland, following a successful first SleepOut event in Glasgow.

  11. We developed and launched a new Communications & Engagement Strategy for LandAid, outlining the approach we will take to inspire our supporters, connect them more closely to our cause, and grow our audience base to generate wider engagement across the industry.

  12. We redesigned the LandAid website, giving the impact of our work more prominence, and improving how we communicate what we do to supporters and charity beneficiaries alike.

  13. We have made significant progress in developing our data capabilities and will be rolling our redeveloped and redesigned CRM system, using Salesforce, in Q2 of 2023.

  14. In addition, a new Partnerships Strategy was approved by the Trustees, setting out practical goals for how our partnerships programme and offer can align with our partners shift away from CSR, and towards ESG.

  15. New staff joined all LandAid’s departments, bringing fresh expertise and skills to our work, particularly in our fundraising and impact teams, and helping us progress our much-needed re-development of our database.

  16. Gross salary costs of £922,820, represented 19% of total gross income. With all other operational costs included, our total overheads represented 30% of total gross income.

  17. However, the last part of the year has been overshadowed by the illness and then tragic death of our colleague Kevin Hunter. Kevin joined us as Grants Programme Manager in 2022 and had just been promoted to head of Programmes & Impact when he was diagnosed with cancer. He was 44. We miss him hugely.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

OBJECTIVES & ACTIVITIES

Our overarching aims, the issues we tackle, and the changes we seek

LandAid’s mission is to end youth homelessness in the UK. We work to achieve our mission by bringing together a single industry to help tackle this single issue, creating a unique corporate movement for social change. Working exclusively with companies involved in every aspect of property and the built environment, right across the UK, we harness their generosity, ingenuity and creativity to create safe, secure and affordable accommodation for young people who have been or are at risk of homelessness.

According to youth homelessness charity, Centrepoint, in 2021 to 2022, 129,000 young people aged between 16 and 25 across the United Kingdom sought help from a local council as they were homeless or at risk of homelessness. This represents another year-on-year increase, a pattern seen in each of the last six years. Many of these young people will be sleeping on people’s floors or in inadequate and overcrowded accommodation but a small number will find themselves sleeping rough and, worryingly, there has been a steady increase in that number.

Homelessness does not affect young people equally – young women, young people from BAME communities, young people with experience of care, and young people who are LGBTQ+ are all more likely to experience homelessness than other groups. While the support needs of each group may be different, the common factor for all young people experiencing homelessness is the need for safe, secure, and affordable accommodation. Working with leading charities across the UK, LandAid’s ambition is to help address this need.

Our short term and longer term aims and objectives

We are about to enter the final year of our ambitious three-year strategy, which sets out three core aims that have been the driver for our activity over the past two years, and which we will continue to strive towards in 2023-24:

Achieving our aims

As a charitable foundation supported by the property and built environment industry, LandAid:

  1. Offers financial support through our grants programme to frontline charities supporting young people who are homeless.

  2. Brokers free professional property advice for charities across the UK, including both our grant recipients and other charities working with young homeless people.

Our grant-making is enabled through fundraising activity we undertake with our industry partners, and through corporate donations made to LandAid. This work is supported by our regional boards as well as by a number of networks and groups we have established to promote our work and to deepen our engagement across the industry. These networks also help promote opportunities for pro bono work as well.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Increasingly, we look to additional and alternative means to engage our industry in tackling youth homelessness to complement our primary funding and pro bono activities. These include exploring means of introducing social investment from the property industry to youth homelessness charities and testing sector-specific initiatives such as our work with the Build to Rent sector.

Progress against these priorities is described in the Achievements and Performance section.

How we measure success

We record and report the total funds we raise, the total funds provided (or available) for grants, and the volume of free property advice we broker. We also try to measure the impact we achieve, and for the last seven years have requested impact reports from funded charities.

In terms of our free property advice, we normally ask those who offer professional advice to provide a record of the value of the work and time they have donated. We ask those charities who benefit for details of the financial and organisational impact they accrue from that advice.

We have also put significant effort into developing our social value reporting, putting in to practice our Social Value Calculator, which we developed in conjunction with the Housing Associations Charitable Trust (HACT).

Our grant making policy and how it contributes to our aims

Our grants team works closely with our grants committee, our board, and with external partners to ensure that our grant making policy and delivery plan are both fit for purpose, realistic and achievable.

Specifically, we are keen to ensure that both our policy and our delivery plan reflect broader initiatives and approaches to tackling youth homelessness. Our delivery plan aligns with the Positive Pathway for young people facing homelessness[1] , a first in UK grant-making, and illustrates where in the pathway LandAid’s contributions are being targeted.

We also recognise more clearly how we appreciate and want to respond to the experiences and challenges of youth homelessness faced by young people who identify as LBGTQ+, by young women, and by young people from black, minority and other ethnic communities.

1 - - - https://stbasils.org.uk/about us/the positive pathway/

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

ACHIEVEMENTS AND PERFORMANCE

Review of progress against objectives

The table below reports on the progress we made against our key priorities within the year.

Objective Progress Notes on Performance
We will provide 1,000 units of
accommodation for young
people by March 2024		 During the year, we awarded funding for 474
bedspaces during the year against our 2023 target
of 150. As at the end of March 2023, we had funded
a total of 539 bedspaces against our 1,000-
bedspace target.
We will broker £1m of pro bono
support a year for UK charities
byMarch 2024		 We exceeded our 2023 pro bono target, brokering
50 projects with 44 companies valued at £434,000.
To support our first two
objectives, we will raise £3.5m in
2022-23		 We raised over £4m in gross income (cash and pro
bono value donated)
Specifically, we will raise
£500,000 from 1000 participants
in the 2023 LandAid SleepOut		 We delivered our biggest ever event, with 1300
participants from 185 companies raising over
£675,000.
We will invest in, retain and
develop our corporate supporter
base.		 We increased overall number of corporate partners
from 83 to 94
We will continue to enhance
staff effectiveness, wellbeing,
and motivation		 We’ve invested in new roles, new IT, better learning
& development and digital transformation. Staff
report high levels of satisfaction and engagement.

The only area of concern, and the area where the board and Leadership Teams are applying most effort and thought, is delivering our bedspace target. In this area, and with regard to our pro bono programme, the Leadership has developed and is implementing detailed delivery plans to help ensure we deliver our ambitions in full.

Our impact this year

Grant-making

The following table shows the number of grants made over the past five years, the total funds awarded, the average grant made, and the resulting bedspaces funded. Please note that the figures for 2020-21 include only Core Grants for bedspaces and do not include grants made under our Emergency Appeal of that year.

The grants awarded in 2022-23 will realise 474 bedspaces for young people against our target of 1,000 bedspaces by 2024, underscoring the importance of the delivery plan in setting out how those remaining bedspaces will be provided.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

2017-2021 2021-2022 2022-2023
Number of grants 94 25 41
Grants awarded (£) £5,855,387 £1,363,827 £1,423,035
Average grant £62,291 £20,982 £34,708
Bedspaces funded 578 65 474

Innovation in Impact

Recognising the limitations of conventional grant making alone in achieving our bedspace target, we continue to progress a number of innovative approaches to delivering our intended impact. Our board-level working group has met through the year to explore ways in which we could enable social investment to deliver bedspaces across the country. Progress has been a little slow, but definite proposals are taking shape.

Supporting young people into meaningful work

We began work with SEGRO to explore ways in which we could further develop the charity partnerships they had funded over previous years, by providing opportunities for employment. We have joint funded employability projects in four locations across the UK, supported by funding from both SEGRO and LandAid as a pilot. We see this as a potential growth area for LandAid alongside capital grants, to provide sustainable routes out of homelessness for young people and to provide the real estate industry with the tools and knowledge it needs to support vulnerable young people into the workplace. The pilot has so far supported 131 young people, with 16 of those having secured paid employment. This has resulted in further funding from Landsec and Hilton UK Foundation.

Developing innovative solutions to youth homelessness with the Build to Rent sector

We have also been working with the Build to Rent sector to encourage operators and investors to allocate a small number of units at heavily discounted rents, and for fixed terms, to charity partners for the young people they support. 2021-22 saw considerable development and engagement work and the first young people started to move in early in 2022-23. So far, we have secured 6 units of accommodation for young people in Liverpool (1) and Harrow (5) and have a target of 100 units for the year ahead. Our partners, Stantec, have offered funding to support rent deposits for young people in Harrow, helping to ensure that accessing high quality homes is as affordable as possible.

Supporting Ukrainian refugees here in the UK

Following Russia’s invasion of Ukraine in February 2022, and with support from Frontier Estates, CBRE, the Mace Foundation, British Land, and others, we devised and rolled out an emergency grants programme specifically for projects around the UK supporting Ukrainian refugees. We gave out 31 grants totalling £145,235, and in doing so, complemented efforts and donations from many other companies across the property industry.

We continue to work with leading charities, funders, and philanthropists to develop a rent deposit programme specifically for refugees with some of the remaining, restricted funds we received.

Though by no means core work, our singular position within the property industry gave us the opportunity to act on behalf of concerned businesses and aggregate positive social impact.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Social Impact and Social Value

While we have traditionally measured our success through the number of bedspaces delivered, and while we will continue to do so, we recognise that our social impact is significantly greater than a simple count of units of accommodation. Many of our corporate supporters are similarly looking at their social impact and value more thoughtfully and expect LandAid to tell a richer story about our impact than we have previously done.

In 2021-22 we worked with social impact specialists HACT to develop a bespoke calculator to help understand our impact through social value metrics. The calculator is being tested thoroughly and worked on with our grants committee but will be providing data on both the savings to the public purse as a result of our work, but also, importantly, on the wellbeing measures of our investments on the lives of those young people we support.

Pro Bono Programme

In the 2022/23 financial year, the volume and range of support brokered for charities by the LandAid Pro Bono programme has grown, as have the numbers of charity and corporate partners who have signed-up to be part of the network. The programme has also become more strategically focussed to ensure continued growth, efficiency, and sustainability in future years.

During the year, and as we work towards brokering £1m worth of pro bono professional property services for charity partners each year, we achieved the following:

Our partnership with Computers 4 Charity has seen 138 PCs and Laptops with a combined value of £46,000 donated by 5 property industry organisations refurbished, updated and passed on to 10 different youth homelessness charities. In addition to the impact this will have on the beneficiaries, and by giving equipment a second life, we’ve helped to save around 22.2 tonnes of CO2 emissions.

We also embarked on a partnership with Vodafone as part of their ‘charities.connected’ programme, helping to increase the distribution of SIM cards with free calls and data to young people facing homelessness. We brokered the distribution of 18,201 SIM cards across 45 youth homelessness charities, representing a value of over £1.6m.

As we enter the final year of our three-year strategy, work is underway to better target the network of organisations signed up to the Pro Bono Programme and encourage more engagement with the programme from the existing supporter base, as well as aiming to improve matching rates through focussing on those service lines that we’re well-resourced to support and that are of a high value. We have also identified a small number of charity partners with significant property portfolios to work with and create a more predictable foundation of support, to establish higher volume support from some corporate partners over a longer period, alongside the more ad hoc activity.

As well as facilitating free advice on behalf of other charities, LandAid has received free advice and support from the following companies and individuals: Chris Forshaw, CoStar, Estates Gazette, ECN Property Week, and React News.

Of particular note has been the support we have received again from Knight Frank who have very generously provided outstanding workspace and office facilities to our team in their Baker Street

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

head office. You can find out more about our comms and media support we have also received in the Engaging our supporters section below.

We remain very grateful to the Directors and Staff of Redwood Consulting for their invaluable free advice and support to LandAid and our communications activity and to all those who have donated their time and resources to helping us deliver our mission.

Our fundraising this year

Partnerships

Our Strategic and Foundation Partners are our bed rock and give an annual donation of at least £30,000 and £10,000 respectively to support our cause. At the end of 2022/23, LandAid had 21 Strategic Partners and 73 Foundation Partners (22 Strategic Partners and 66 Foundation Partners in 2020-21). At the same point we had 140 Corporate Supporters providing event and media support, general fundraising and/or free property advice (104 in 2020-21). A list of all our corporate supporters is included at Appendix 1.

We were also extremely grateful for the opportunity to model our refreshed approach to corporate partnerships, which seeks to facilitate the transition away from a ‘membership model’ of support, towards one that delivers meaningful, tangible and measured impact for our corporate partners.

Partnerships with StreetSmart, CBRE, Lendlease, Landsec and Segro in particular have provided significant financial support, and impact, to specific LandAid projects.

We received donations totalling £411,179 drawn from the dormant ‘legacy’ funds held by four of our corporate partners, in no small part thanks to our indemnity policy, which protects LandAid against the risk that clients are later identified after the donation is received.

Events

We have been delighted to see an increase in the volume of ‘Supporter Events’ organised by our partners and supporters in which LandAid is the benefitting charity. A huge thank you to all of those who dedicated time and effort raising funds for our work in this way.

Brazilian Jiu Jitsu - Bristol Open British Land Peak to Peak Cycling Challenge CamPropFest + Eastern Echo Awards Carter Jonas Business Fives Carter Jonas Christmas Fundraiser Chetwoods Architects Christmas Campaign Commonwealth Cup Football Tournament CO-RE Charity Triathlon Coyote Poker Night Edozo Christmas Jumper Day Geodata Football Tournament Glovers Charity Quiz Hilton UK Foundation Fundraising Ball Iceni's International Women's Day Cycle ING Christmas Lunch Landsec Quiz

LaSalle Charity Quiz LREF LRWA Awards & Gala Dinner MIPIM Tennis Classic Mudathon 2022 Not Going To MIPIM (Overbury PLC) Pexhurst Golf Day Pinsent Masons Quiz Property Race Day Property Week Awards RBS/NatWest Quiz ROC Consulting Trek Selborne Chambers Quiz Night Shaftesbury Treasure Hunt Surveyor 7s Rugby Match Tattoo Artists Against Homelessness Telford Homes – Run Through Lee Valley VeloPark for LandAid

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Telford Homes Pub Rally The Big Give Christmas Challenge The Steele-Bodger Rugby Match

Vesta Construction 5-a-side YEP Bristol Charity Quiz

We were also extremely grateful for the outstanding efforts of some individual supporters, who took on huge challenges on behalf of LandAid. They included Mark Bourgeois (Cycle around Yorkshire), Tom Johnson (Abseiling Extravaganza), Natasha Godfrey and Mark Day (London Marathon), and Ross Whitehead (Chicago Marathon).

Regional support

The last 12 months was a significant year for our work across the regions and nations of the UK, as each of our existing Regional Boards strengthened their engagement and support and help us embed our ambitions more firmly within the local industry.

Driven by their Regional Chairs, every board has become more focused (albeit with differing priorities and strategies for tackling each objective) and better able to raise LandAid’s profile, increase their regional fundraising and impact. The Regional Boards feel more connected than they previously were, with better engagement between regional boards and our Executive Team, and between regional boards themselves. This remains something we are looking to improve further.

We are also looking to integrate our work more into the strategic homelessness priorities within the regions in which we currently operate, although this is a mid-term goal.

This year also marked significant growth in our regional fundraising, both through engagement with our own flagship events. The success of this year’s SleepOut was in no small part down to the enthusiastic support of regional fundraisers who raised a combined total of £299,261 - 44% of the overall total. Other significant events included:

North West Gala Dinner £44,000
North West 10K		 £12,600
St Modwen Charity Run (Midlands) £38,000
Yorkshire Ambassador Quiz		 £3,804
Commonwealth Cup (Midlands) £6,682
South West Tag Rugby		 £7,032
Day of the Dead (North West) £5,500

And finally, we were delighted to welcome our sixth Board to the fold. With a different legislative and policy framework, our new Scotland board will be working with charities and companies there to explore how best we can support an end to youth homelessness north of the border.

Engaging our supporters

Under the leadership of our new Head of Communications & Engagement, Tim Hudson, we developed and launched a refreshed Communications & Engagement Strategy. This outlines the ways in which we will support LandAid’s wider strategic goals through our communications, with goals to inspire supporters, connect them more closely to our cause, and grow our audience base. The strategy also sets out how we plan to achieve these goals, including through the production of a new brand video, and the initiation of regular in-depth audience research in 2023-24.

During the year, we completed the redevelopment of our website, working with web agency Fat Beehive to improve the user journey, give more prominence to the impact of our work, and align the design of the site more closely with our brand.

We also benefited from more pro bono support with our communications work last year. We continue to work with the excellent team at Redwood Consulting on all of our media relations, but

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

we also received outstanding support from creative agencies, J2 and DS.Emotion in the production of creative assets, campaign planning, and strategic development. Towards the end of the year, we were delighted to hear that the team at Holistic Insight would work with us on our audience research project in 2023-24, also on a pro bono basis.

Ambassadors

Building on the review of this programme for the next generation and rising stars of the real estate industry, we refreshed the Ambassador network’s membership and objectives, and spent much of the year developing the infrastructure required to support the network effectively. The Ambassador programme is now based around three core workstreams:

These workstreams are intended to align Ambassadors’ skills and interests with LandAid’s work, and each stream is supported by a ‘champion’ on the Exec team. The new, improved programme was launched in June 2022, and we now have 89 Ambassadors across the UK. We would like to thank LandAid Trustee, and former Lead Ambassador, Anna Stewart for her support and input during the year.

Patrons

During 2022-23, we launched our new Patrons Network. The brainchild of former trustee and chair of the Board, Rob Bould, the Network is creating a community of senior property professionals with influence and experience, who are committed to LandAid’s goals and ambitions, and are able to leverage support and impact through their own expertise and networks. We ended the year with 61 Patrons, benefiting from invaluable insight in areas such as our Build to Rent initiative, and introductions to partners such as the Hilton UK Foundation which led to a donation of £65,000 over three years for our employability programme.

Networks against Homelessness (NWAH)

This network of networks is designed to bring together property sector communities behind our mission to end youth homelessness, helping each network to support us by raising funds and awareness for our work. Each network’s profile-raising capability, sharing of our message with their members, is one of the initiative’s key benefits enabling us to reach a far wider audience than we could on our own. NWAH also helps us partner with diversity networks to explore the intersections between youth homelessness, ethnicity, sexuality and to explore some of the disproportionate disadvantages that affect young people in these communities.

Knowing where we need to improve

Each year, we identify several areas in which we need to improve. The table below sets out the progress we have made in each of these areas:

Objective Progress Notes on Performance
Concluding our Governance
Review fully		 This was completed and almost every action agreed
has been actioned. We are now focusing on new
areas of work includingEquity, Diversity& inclusion

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Objective Progress Notes on Performance
within our board, team, and programmes, as well as
refreshingboard and committee membership.
Embedding our new values into
the way we work		 We developed and launched a fantastic set of new
values which inform every aspect of the work we do.
You can find out more about our valueshere.
Developing and rolling out a
new competencyframework		 We have not progressed this significantly in year,
although we have a clear road mapto completion.
Reviewing and improving our
digital security		 All staff received training, and new systems and
procedures have been put in place to help protect
our people and data. However, this inevitably needs
revisitingeachyear, as new risks emerge.
Reviewing our current
accounting software and
systems		 We looked at alternative accounting packages and
concluded, not least because of the on-going work
we were doingon our CRM, to remain with Xero.
Reviewing quality and
compliance through use of the
CharityExcellence Framework		 So far, we have looked at two areas of our work
through the CEF. We plan to conclude this work over
the comingmonths.

We have, in addition, continued to develop workstreams from the previous financial year, including:

For the coming year, in addition to concluding outstanding work, our improvement priorities are:

Plans are now in hand to address each of these areas.

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

FINANCIAL REVIEW

Total income for the year as reported in the Statement of Financial Activities was £4,830,655 (£3,292,810 in 2021-22). Income from charitable activities and donations was up (58%) to £3,932,617 (£2,488,181 in 2021-22). Income from trading activities rose to £879,445 (£789,725 in 2021-22). For more information about our sources of income and performance, please see the section above, Achievements and Performance.

Total expenditure for the year was £2,841.846 (£2,489,895 in 2021-22), an increase of £351,951 (14%). The reasons for this are explained above in our Review of the Year.

The current assets show a significant level of cash reserves of £4,050,967 (£3,394,859 in 2021-22). Total Net Assets at the year-end totalled £986,230 (£2,007,584 in 2021-22).

As a fundraising foundation, LandAid only commits to grants when the funds are raised. The difference between reserves and free cash will be committed to grants in 2023-24, except for those funds designated for, or restricted to specific projects. These funds are expected to be fully spent by March 2024.

In terms of the breakdown of sources of income in 2022-2023, 43% of income came from charitable donations from our corporate supporters and a further 18% came from LandAid fundraising events. The remaining 39% came from Transactional Giving (11%), Gift Aid (3%), Individual Giving (1%), Employee Fundraising (2%), Events in Support of LandAid (4%), Event Sponsorship (2%), Pro Bono Market Value (11%) and other fundraising (5%).

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Factors likely to affect our performance going forwards

We are wholly dependent for our income on the generosity of the property industry – both at a corporate and an individual level. Clearly, anything that affects the industry’s confidence, and its profitable activity threatens the discretionary support that the industry might provide the charities it supports, including LandAid. Continuing economic uncertainty is impacting the industry, but we are not seeing this translate into diminishing levels of support for LandAid. Indeed, the greater interest in ESG within the industry is prompting an ever-greater focus on the societal impact that businesses and their employees have, a trend we are keen to ensure benefits our work.

Investment in our regional work provides a significant opportunity to understand youth homelessness within more specific local areas, and respond in a more tailored fashion, area by area, engaging local businesses more effectively, and we expect this to inform future strategic thinking.

Increasingly, we see promising opportunities to enable the industry and its more progressive members to lead distinct areas of work. Opportunities to engage the BTR sector, or to utilise dormant client account funds, can be multiplied with the hugely valuable support we benefit from, from industry leaders and their teams, and this in turn should impact how we operate as a team.

However, one of the key areas likely to impact performance most will be capacity and skills. Just as for many organisations, recruitment and retention are critical issues as we grow further this year and the market for talent is very competitive. As we juggle the search for great new colleagues to join the team, our biggest challenge will remain ensuring sufficient focus on delivering our principal objective within the final year of our current strategy.

LandAid’s principal risks and our plans for managing them

The Board of Trustees has a risk management strategy, which comprises:

The principal areas of risk we focused on mitigating during 2022-23 was the economic impact and fall-out from the war in Ukraine and the cost-of-living crisis that ensued. We responded by bolstering our key relationships with corporate partners, while also seeking to offer young people emergency funding to help tackle the rising costs of food and heating. We also provided our own staff with Cost-of-Living increases, recognising the difficulties they faced.

Our principal anticipated risk relates (as indicated above) to staffing and recruitment. In the current climate, recruiting and retaining talented colleagues who share our values is a priority and failure to do so risks impacting culture, performance and impact. We continue to focus on paying good salaries (we signed up to the Living Wage Foundation during the year), investing in people and their development, and creating an outstanding culture in which to work.

We take nothing for granted however, so, as in previous years, we continue to diversity our income streams, to strengthen engagement with our Corporate Partners, to develop our communications around impact and the value we add, and to underscore the essential role we play in bringing great charities and great businesses together to make a lasting difference.

Other areas of significant risk which we seek to mitigate through careful planning remain:

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LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

There was one incident this year that had the potential to impact our reputation. It was managed thoughtfully and with careful consideration and did not materialise.

Theft and fraud are continuing concerns for all businesses, and charities are no exception. We continue to review our financial policies and procedures and provide staff training on fraud risk.

Linked to concerns over fraud is the risk that our IT systems might be breached with a resulting loss or compromising of data. We continue to work closely with our IT services provider to ensure all measures required are taken and implemented effectively.

Our investment policy

LandAid has a duty to ensure that it looks after the funds that it raises, and, within reason, to secure some interest on any funds invested pending being given out as grants. Trustees have approved an Investment Policy setting out how best the funds that we hold could be invested to ensure a reasonable return and without compromising our ability to draw those funds down for grant commitments in a timely fashion. Trustees are keen to ensure that LandAid’s funds are invested ethically, and this desire will be set out more clearly within our investment policy in 2023-24. Most of our funds are held in a low interest deposit and saving account.

Total funds held at the end of the period

As at the end of the reporting year, LandAid held funds totalling £2,986,230 (£2,007,584 in 2021-22).

We also held restricted funds totalling £1,984,593(£1,004,709 in 2021-22). Our restricted funds are, in the main, those funds raised through our supporters St Basils Live and Work, Depaul Nightstop, Palmer Capital and Streetsmart and other specific projects.

Returned or withdrawn grants

We agreed with charity partners to withdraw 2 grants worth a total of £10,175 (compared to 4 grants returned/withdrawn in 2021-22 worth £52,550).

Reasons for returning or withdrawing grants ranged from problems securing planning permission to a reappraisal of risk as a consequence of the pandemic.

LandAid’s Reserves

The Trustees are committed to ensuring the charity has sufficient reserves available both for operations to continue during any period of reduced income and to provide the cash required to meet the costs of major fundraising events where outgoings may precede income.

The current policy of the Board of Trustees is to maintain free reserves of at least six months general running costs as well as three months’ salary costs for the CEO, Finance Manager, and an Office Manager. This sum has been calculated to be equivalent to £275,000. The difference between free reserves (which were at least £250,000 throughout the year) and cash will be committed as grants.

Trustees have decided to retain reserves in the trading subsidiary and consequently to pay tax in respect of LandAid Functions Ltd.’s profit for the year 2022-23.

14

LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Our approach to fundraising

The trustees are fully aware of their individual responsibility and accountability to ensure that the charity fundraises legally, responsibly, and effectively. They are aware of the Charity Commission CC20 guidance and use this and the accompanying checklist to help them evaluate the charity’s fundraising performance, and to ensure that we do not target vulnerable people.

We continue to be a levy-paying member of the Fundraising Regulator and subscribe to the associated fundraising codes of practice. We suppress individual supporter records against the Mailing Preference Service, Telephone Preference Service and the Fundraising Preference Service which ensures we do not approach individuals who have expressly requested that we do not contact them. We received no FPS suppression requests during the year (2021-22: nil).

The charity did not engage with a professional fundraiser/commercial participator in the year.

Complaints

The charity has a published complaints procedure, available on its website, and endeavours to respond to enquiries and complaints within the stated timeframe. In 2022-23 we received no complaints (0 in 2021-22).

15

LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

PLANS FOR FUTURE PERIODS

Our ambition remains, by 2024, to:

Over the final year of our current strategy, we are putting plans in place to source and fund the remaining bedspaces required to meet our target, and to ramp up our pro bono programme. This will require some further consolidation and expansion in our fundraising and comms teams.

At the same time as we do this, we are developing our forward strategy for the period beyond 2024. Early work with trustees has suggested that the next period of work should be informed by the following ten principles:

  1. Our mission should remain working to end youth homelessness in the UK.

  2. We should be more ambitious and more focused in the impact we seek to achieve.

  3. We should be informed by evidence of what works well.

  4. If we are to end youth homelessness, we should support a wider range of interventions.

  5. We should respond to the distinct needs of specific groups of young people.

  6. We should do more through strategic engagement in our regions and nations.

  7. We should collaborate and join forces with like-minded organisations to achieve our goals.

  8. We should communicate our work, our impact and our ‘value add’ better.

  9. We should educate and inform our supporters about youth homelessness, and about ‘bestin-class’ engagement.

  10. We should use the experience and expertise of our charity partners and the young people they serve, to advocate and help shape better social policy.

16

LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Our organisational structure

LandAid Charitable Trust Limited is a charity and a company limited by guarantee governed by its Memorandum and Articles of Association dated 8 August 1986, as amended on 12 March 2007 and which were further amended on 21 August 2013, when the objects were updated to the following:

The charity is governed by the Board and there are four standing committees: Finance, Governance and Risk Committee (FGRC), Fundraising Committee (FRC), LandAid Grants & Impact Committee (LGIC), and the Nominations Committee.

With respect to the Board, the trustees may admit individuals or organisations into membership but in practice this is restricted to trustees of the charity. At the end of 2022-23 there were 12 members (13 at the end of 2021-22). Each Trustee agrees to contribute £1 in the event of the charitable company being wound up.

There were no changes to the board during the course of the year.

Diversity and inclusion

Over the past year, we have continued our work to ensure that the Board, its committees and Regional Boards, and its staff team better reflect social diversity. As at 31 March 2023, half our trustees were women (40% in 2022), and the average age of Trustees was 52 (58 in 2022).

So far, we have been collecting data on gender and age within the Board exclusively. Over the coming year, we will be researching a broader range of protected characteristics within Trustees, committee, regional board members and the staff team, including social background and education.

During 2023-24, we will develop and adopt a clearer policy and approach to ED&I, setting clear ambitions around recruitment to our governing and regional boards and committees and to our staff team. This work, aside from underscoring our own commitment to diversity and inclusion, is intended to materially enhance the quality of governance and performance within the charity.

Separately, the Executive will explore ways in which the charity’s operations (its fundraising, communications and engagement, and grant making) can be better informed by robust ED&I principles. Our goal is to ensure that there are as few barriers to supporting our work as possible, and that we reach especially those communities of young people facing homelessness, who are most disadvantaged or excluded.

The resources we have at our disposal

As a charitable foundation, without endowment, LandAid must fundraise for every pound it gives out in grants. During the course of the year we undertook a review of our operational structure and recognised the need to invest in several key areas of the team. During the year we steadily implemented a new structure, taking on new staff and filling gaps in the team as some colleagues

17

LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

left, and augmenting the role of our Deputy CEO, Alice Lamb, with responsibility for all our externalfacing operations – fundraising, impact, and comms and engagement.

As a result, at the end of the reporting year, LandAid had a team of 23 (19 in 2021-22) with a monthly average number throughout the year of 20. Led by the Chief Executive, Paul Morrish, and Deputy Chief Executive and Director of Operations, Alice Lamb. The team comprised:

Total staff costs in the financial year were £1,004,492 (up from £738,948 in 2021-22), representing 21% of our total annual income (22% in 2021-22).

The contribution made by interns, volunteers and Ambassadors

Our Trustees, Committee Members and Regional Board members all volunteer their time to help us. We are hugely grateful to all of them – we couldn’t begin to achieve what we do without their support, encouragement, and good offices.

LandAid’s work is supported by a network of 89 young professionals known as ‘LandAid Ambassadors’, while our Patrons Network, comprising more senior and more experienced industry leaders who support LandAid, numbered 61 members at year end.

Public Benefit

The Trustees confirm that they comply with their duty under Section 17 of the Charities Act 2011 to have regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

Related parties

The Trustees and their companies donated a total of £211,808 to LandAid Charitable Trust in the year (£216,949 in 2021-22). LandAid Functions received £nil of events and sponsorship income from the Trustees and their companies (£37,800 in 2021-22).

The charity has a wholly owned subsidiary, LandAid Functions Limited, a company registered in England and Wales (number 02012882), which organises commercial fundraising events and gift aids its full taxable profits to the charity.

Our Networks

LandAid, and its senior staff, were, in the year 2022-23, members of:

18

LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Inducting and Training our Trustees

When considering candidates for nomination, the Board of Trustees has regard to the need of the charity to ensure a full skill set on the board, the candidate’s position within the property industry (from which the charity’s support is drawn), their influence and willingness to solicit support for the charity and their ability to participate fully in the charity’s governance and activities. The board is also determined to ensure that its members better reflect societal diversity.

Trustees have a formal induction session introducing them to the team, the breadth of our work and advising them of their obligations under charity and company law. They receive a copy of the Memorandum and Articles of Association as well as recent financial statements and board papers. They also receive details of the committee and sub-committee structure of the charity, including decision-making powers, and are briefed on the current strategy of the charity and its future plans.

How we make decisions and who makes them

The board of trustees is responsible for setting the policy and direction of the charity and meets four times a year. There are four sub-committees covering Fundraising, Impact, Finance, Governance & Risk, and Nominations. The first three meet quarterly and, as well as Trustees, include other senior members of the property industry who volunteer their time, expertise and insight. The Nominations Committee meets on an ad hoc basis and comprises only trustees.

The Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms approved by the trustees, for operational matters including finance, employment and fundraising.

How we set pay and remuneration

In January 2020 we introduced a new pay policy for all staff building on the previous year’s review, establishing clear pay bands for all roles across the organisation and a policy for advancement through these bands. In March 2021, the board agreed that the Finance, Governance & Risk Committee should also oversee remuneration, noting the Chief Executive’s decisions relating to staff pay and making recommendations to the board on the matter of senior pay.

LandAid trustees are not paid for their work as directors of the charity. They are entitled, however, to be reimbursed for reasonable out of pocket expenses incurred in the course of their duties for LandAid. No reimbursement was claimed by or made to any trustee in the financial year.

19

LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are given on page 1.

Provision of information to the Auditors

The trustees in office at the date of approval of this report confirm, as far as they are aware, that there is no relevant audit information of which the auditors are unaware. Each of the directors has confirmed that they have taken all the steps that they ought to have taken as directors to make themselves aware of any relevant audit information and to establish that it has been communicated to the auditors.

Auditors

A resolution to reappoint Moore Kingston Smith LLP, Chartered Accountants, as auditors will be put to the annual general meeting.

This report has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies and with the Statement of Recommended Practice, Accounting and Reporting by Charities (FRS 102) effective 1 January 2015 including update bulletin 2.

Approved by the Board on and signed on its behalf by: 18 July 2023

Mr. Neil Slater, Chair of the Trustees

20

LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Appendix - LandAid’s Corporate Supporters

The Trustees would like to take this opportunity to extend their heartfelt thanks to all of our Strategic Partners, Foundation Partners, Supporters and pro bono partner companies (in italics), and their staff, right across the property and construction industry – without whom we would be unable to make the difference we do. Thank you.

Strategic Partners

Blackstone

British Land Company PLC British Property Federation Carter Jonas LLP CBRE Limited Fiera Real Estate UK Limited Grainger Plc Hilton Foundation JLL U.K. Ltd Knight Frank LLP Landsec Limited LaSalle Investment Management Lendlease Logicor (UK) Limited Sage Homes Savills (UK) Limited SEGRO Properties Limited Shaftesbury Plc Siren Media Limited St. Modwen Logistics StreetSmart The Blackstone Group The Property Race Day

Foundation Partners

Abrdn Abstract Securities Limited Allsop LLP Ashdown Phillips & Partners Limited Aviva Investors Real Estate Limited BidX1 UK BNP Paribas Real Estate Advisory & Property Management UK Limited Bryan Cave Leighton Paisner LLP bValued Capital & Counties CG Limited CLS Holdings PLC CMS Cameron McKenna Nabarro Olswang LLP CoStar UK Limited

Cushman & Wakefield (UK) LLP Dalbergia Group Limited Derwent London PLC Dolphin Living Limited Dowley Turner Real Estate LLP Eversheds Sutherland (International) LLP Frogmore Property Company Ltd Gerald Eve LLP GLP Limited Granger Reis Limited Grosvenor Britain & Ireland Hammerson Plc Heitman Helical PLC Henry Boot PLC Hollis Global Ltd Home REIT PLC Howard de Walden Estate Limited James Andrew International Limited LandTech (UK) Limited Legal & General Group PLC Liquid Roofing and Waterproofing Association (LRWA) LondonMetric PLC M&G Real Estate Limited M7 Real Estate Ltd Mace Foundation Mansford Capital Limited Mayer Brown International LLP Michael Sparks Associates Montagu Evans LLP Muse NatWest Group PLC Newcore Capital Management LLP Ocorian Real Estate Orega Orion Capital Managers (UK) Limited Panther Investment Properties ltd

Paragon Building Consultancy Limited Pinsent Masons LLP Pioneer FM Prestbury Investment Holdings Ltd Prologis UK Limited PropSki RBA Ltd Redevco UK Limited Regis Revantage Richard Boothroyd & Associates Ltd Stantec Stride Treglown Limited Telereal Trillium Limited Telford Homes PLC TFT The Arch Company Trammell Crow Trident Building Consultancy Limited Trowers & Hamlins LLP Turley Properties Limited Unibail-Rodamco-Westfield Verdion View The Space (VTS)

LandAid Supporters

Alec French Architects Alpha Property Insight Ltd Ambit Moat Ltd Amelore Limited Andrews Property Group ARA Venn Ardent Management Argent (Property Development) Services LLP Ashby Capital Atkins Global Limited Auxesia Homes Avamore Capital Limited Avison Young (UK) Limited AWW Design Limited Be Known Communications

21

LandAid Charitable Trust Limited (Limited by Guarantee) Trustees' Report For the year ended 31st March 2023

Beard Construction Billing Better Ltd Blackburn & Co Blackstock Blayze Consulting Group Bould Consulting Limited Bruntwood Estates Limited Build Recruitment Burges Salmon LLP Buro Four Project Services Bury Council Caddick Group PLC CapitaLand Chancerygate Group Limited Cheffins Civic Engineers Ltd Clancy Consulting Coadjute Colliers International Property Consultants Limited Conisbee Construction Rocks Coop Foundation Coyote Group Ltd Crookes Walker Consulting Crown Workspace Cumming Group EMEA Delancey Real Estate Asset Management Ltd Delva Patman Redler LLP DEX Property Management Limited DLA Piper UK LLP Domec Professional Services Douglas Dickson Property Management Ltd DTZ Investors UK Limited DWF LLP E.C.F eB7 Limited Edelman UK Edozo Limited EG Experience Makers Fairbriar Development Salford Faithful + Gould Limited Farebrother Services Limited Firefly Holdings Manchester Ltd Firethorn Real Estate Management LLP Forelle Estates Limited Fox and Sons Ltd FTI Consulting LLP

Gallagher Group Limited Gardiner & Theobald Gleeson Recruitment Group Goodman Derrick LLP Gowling WLG (UK) LLP Greater Manchester Mayors Charity Greengage Environmental GreenZone Cleaning & Support Services Ltd GUNN Associates (Architects) Limited Hannan Associates Hicks Baker Hilton UK Foundation Hunter Ops Hydrock Iceni Projects Limited ING Media Innovex Technologies Ltd Kiki Concepts Limited KMC Transport Planning KPMG LLP Lambert Smith Hampton Leach Rhodes Walker Livingcity Ltd Lloyds Banking Group Lowe Guardians Ltd M J Mapp Ltd MAPP Ltd Marcol Group Mark Stolkin Foundation MBA Consulting Engineers MDLR Architects MEPC Ltd Morgan Sindall Group plc Mott MacDonald Limited MPC MRI Software Network Space Ltd Nolan Redshaw Northen Surveyors Octink Osborne Clarke Out the Box Consulting Oxford Brookes Real Estate Management Society Oxford Economics Oyster Partnership Limited Pexhurst Picton Capital Limited PMP Ltd Polestar PLC PP Comms Ltd

Project Management & Building Consultancy Limited Project Metrology Ltd Property Week Pure Surveyors PwC Q Communications Ramboll UK Realty Income Limited Reed Midem Limited Rhubarb Property LTD Richardson ROC Consulting Round Hill Capital UK Limited rpp Scarborough Group Scroxton & Partners Selborne Chambers Limited Shoosmiths Simmons & Simmons LLP Socius Development Spatia Real Estate Limited Squire Patton Boggs UK LLP Starwood Capital SWECO Tandem Property Asset Management LLP Thames Laboratories The Buying Solution The Completely Group Limited The Jaspar Foundation The Simon Gibson Charitable Trust Thorpe Charitable Trust TMT Commercial Contractors Touchstone Trace Solutions Travers Smith Tritax TrustedLand Ltd Trustek Tythegston Green Ventures Ltd UKAA Limited UKREiiF Urban Splash Group Ltd Urban&Civic PLC VU.CITY Limited Wates Foundation Willis Towers Watson Willmott Dixon Construction Limited Wring Group Ltd Zimmermann Wear Pty Ltd

22

LandAid Charitable Trust Limited (Limited by Guarantee) Statement of Trustees' Responsibilities For the year ended 31st March 2023

The trustees (who for the purposes of company law are directors) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the LandAid Charitable Trust Limited website.

Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.

23

Independent Auditor’s Report to the Members & Trustees of LandAid Charitable Trust Limited

OPINION

We have audited the financial statements of Landaid Charitable Trust Limited (the ’company’) for the year ended 31 March 2023 which comprise the Group Statement of Financial Activities, the Group and Parent Charitable Company Balance Sheets, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

24

Independent Auditor’s Report to the Members & Trustees of LandAid Charitable Trust Limited

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Act 2011 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

25

Independent Auditor’s Report to the Members & Trustees of LandAid Charitable Trust Limited

We have been appointed as auditor under the Companies Act 2006 and section 151 of the Charities Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary

responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

26

Independent Auditor’s Report to the Members & Trustees of LandAid Charitable Trust Limited

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and, in respect of the consolidated financial statements, to the charity’s trustees, as a body, in accordance with Chapter 3 of Part 8 of the Charities Act 2011. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters which we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company, the charitable company’s members, as a body, and the charity’s trustees, as a body, for our audit work, for this report, or for the opinion we have formed.

Luke Holt (Senior Statutory Auditor) for and on behalf of Moore Kingston Smith LLP, Statutory Auditor

Date: 30 October 2023

Moore Kingston Smith LLP 9 Appold Street London EC2A 2AP

Moore Kingston Smith LLP is eligible to act as auditor in terms of Section 1212 of the Companies Act 2006.

27

LandAid Charitable Trust Limited (Limited by Guarantee) Consolidated Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 31st March 2023

Notes
Income
Income from charitable activities
Donations
3a
Income from trading activities
3b
Investment income
3c
Total Income
Expenditure
Expenditure on raising funds
Direct fundraising
4a
Fundraising events
4a
Expenditure on charitable activities
4b
Total Expenditure
Net Income/Expenditure
Transfer between funds
13
Net movement in funds/deficit
Total funds brought forward
13
Total funds carried forward
12		 Unrestricted
Funds
£
1,622,433
879,445
18,593
2,520,471
473,079
537,084
1,511,546
2,521,709
(1,238)
-
(1,238)
1,002,875
1,001,637		 Restricted
Funds
£
2,310,184
-
-		 Total
2023
£
3,932,617
879,445
18,593		 Total
2022
£
2,488,181
789,725
14,904
2,310,184 4,830,655 3,292,810
-
-
1,330,300		 473,079
537,084
2,841,846		 343,291
311,397
2,489,895
1,330,300 3,852,009 3,144,583
979,884 978,646 148,227
- - -
979,884 978,646 148,227
1,004,709 2,007,584 1,859,356
1,984,593 2,986,230 2,007,583

All amounts relate to continuing activities. There are no recognised gains and losses other than those dealt with in the above Statement of Financial Activities.

The accompanying notes form part of these financial statements.

28

LandAid Charitable Trust Limited (Limited by Guarantee) Balance Sheet as at 31st March 2023

Notes
Fixed Assets
Tangible Fixed Assets
6
Investments
7
Current Assets
Debtors
8
Cash at bank and in hand
Creditors: Amounts falling due
within one year
9
Net Current Assets
Total Net Assets
Funds
Unrestricted funds
11 & 12
Restricted funds
13		 Group
2023
£
68,694
-
68,694
634,293
4,050,967
4,685,260
(1,767,024)
2,918,236		 Group
2022
£
26,377
-
26,377
428,663
3,394,859
3,823,522
(1,842,315)
1,981,207		 Charity
2023
£
68,694
2
68,696
635,509
3,871,472		 Charity
2022
£
26,377
2
26,379
374,408
3,313,955
4,506,981
(1,733,766)
2,773,215		 3,688,363
(1,789,193)
1,899,170
2,986,930
1,001,637
1,984,593
2,986,230		 2,007,584
1,002,875
1,004,709
2,007,584		 2,841,911
857,318
1,984,593
2,841,911		 1,925,549
1,013,127
912,422
1,925,549

The accompanying notes form part of these financial statements.

No separate SOFA has been presented for the charity alone, as permitted by section 408 of the Companies Act 2006. The charity's income for the year was £4,134.076 (2022: £3,302,044) and the surplus for the year was £916,362 (2022: £1,772,871)

The financial statements were approved by the Board and authorised for issue on 18 July 2023 and signed on its behalf by:

Neil Slater Chairman

Company number: 2049135

29

LandAid Charitable Trust Limited (Limited by Guarantee) Statement of Cashflows

For the year ended 31st March 2023

Notes
Cash flows from operating activities
Cash used in/ generated from operations
Net cash inflow from operating activities
15
Cash flows from investing activities
Interest received
Purchase of property, plant and equipment
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents consist of:
Cash at bank and hand
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period		 2023
£
637,515
637,515
18,593
-
18,593
656,108
3,394,859
4,050,967
4,050,967		 2022
£
334,501
334,501
14,904
-
14,904
349,405
3,045,454
3,394,859
3,394,859

30

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements For the year ended 31st March 2022

1 Accounting Policies

i) Company Information

LandAid Charitable Trust Limited is a charitable company limited by guarantee and incorporated in England and Wales, registration number: 2049135 and the registered company office is St Albans House, 5th Floor, 57-59 Haymarket, London, SW1Y 4QX.

ii) Basis of Preparation

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (The FRS 102 Charities SORP including Update Bulletin 2) and the requirements of the Companies Act 2006.

The Charitable Company and its subsidiary are a public benefit group for the purposes of FRS 102 and therefore the Charity also prepared its financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP), the Companies Act 2006 and the Charities Act 2011.

These financial statements are prepared on the going concern basis, under the historical cost convention. The principal accounting policies are set out below.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest pound.

Group Financial Statements

The Group comprise LandAid Charitable Trust Limited and LandAid Functions Limited.

The assets, liabilities and results of the wholly owned subsidiary company LandAid Functions Limited, are consolidated into these financial statements. Summarised details of the subsidiary entity are set out in Note 7a.

All activities in the Consolidated Statement of Financial Activities (SOFA) relate to continuing operations.

The total incoming resources for the Group in 2023 was £4,830,55 (2022: £3,292,810) and net income for the Group in 2023 was a surplus of £978,646 (2022: surplus £148,227).

LandAid Charitable Trust Limited has taken advantage of the exemption in section 408 of the Companies Act 2006 from disclosing its individual SOFA. LandAid Charitable Trust Limited's unconsolidated net income was £916,362 (2022: £72,871).

(iii) Going Concern

The trustees have considered possible events or conditions that might cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees have made their assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the trustees have considered the charitable company's forecasts and projections upon the viability of the charitable group. After making enquires, the trustees have concluded that there is a reasonable expectation that the charitable company has adequate resources to continue in operational existence for the foreseeable future and for the period of not less than 12 months from the date of signing the financial statements. The charitable company therefore continues to adopt the going concern basis in preparing its financial statement.

(iv) Government Grant Policy

Income from government or other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grant have been met, it is probable the income will be received and the amount can be reliably measured.

31

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements For the year ended 31st March 2022

(v) Income

Voluntary income including donations, gifts and legacies and grants are recognised where there is entitlement, possibility of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:

Income from commercial trading activities is recognised as earned (as the related goods and services are provided).

Income relating to events is recognised once the event has taken place.

Investment income is recognised on an accruals basis.

Gifts in kind are recognised at the charity’s best estimate of "the cost of acquiring the gift on the open market."

(vi) Expenditure

Expenditure is recognised when a liability is incurred inclusive of VAT which cannot be recovered. Contractual arrangements are recognised as goods and services are supplied. Grant payments are recognised when a constructive obligation arises. Expenditure is only deferred when an obligation for payment occurs in advance of the event to which it relates.

Direct costs are allocated to the activity to which they relate.

Direct fundraising are those costs incurred in attracting voluntary income and those incurred in fundraising activities.

Expenditure on charitable activities relates to the awarding of grants and an apportionment of support costs.

Support costs are apportioned on the basis of staff time spent on each activity.

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. Governance costs are included in support costs and apportioned to activities based on the amount of staff time spent on each activity.

(vii) Fund accounting

Restricted funds are separately recorded where a donor requires that a donation must be spent on a particular purpose or where funds have been raised for a specific purpose.

Designated funds represent monies set aside by the Trustees out of unrestricted general funds for a specific purpose.

Unrestricted general funds may be used towards meeting the charitable objectives of the charity at the discretion of the Trustees.

(viii) Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently at cost less depreciation and impairment losses. Assets that cost less than £1,000 are expensed.

32

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

1 Accounting Policies (continued)

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

(x) Taxation

The organisation is a registered charity and is exempt from taxation on income arising from and expended on its charitable activities.

(xi) Retirement Benefits

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Charity pays fixed contributions into a separate entity. The assets of the plan are held separately from the company in independently administered funds. Costs are accounted for as they occur.

(xii) Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

(xiii) Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Debtors and creditors

Debtors and creditors receivable or payable within one year of the reporting date are carried at their transaction price and subsequently measured at amortised cost less any impairment.

(xiv) Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Charity's accounting policies, the Board is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

There were no material judgements, estimates or assumptions made by the Board in preparing these financial statements.

33

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

3
Income
3a
Donations and legacies
Unrestricted funds
Donations
Gift in Kind (Pro Bono value donated)
Gift in Kind (Rent)
Restricted funds
Donations
Total Donations and legacies
3b
Other trading activity
Unrestricted funds
Events - LandAid Charitable Trust
Events - LandAid Functions
Restricted funds
Events - LandAid Charitable Trust
Total other trading activity
3c
Investments
Unrestricted funds
Bank interest
4
Expenditure on
4a
Raising funds
Direct fundraising
Support costs
Fundraising events
Unrestricted funds
Direct costs - LandAid Charitable Trust
Direct costs - LandAid Functions
Support costs		 Total
2023
£
1,111,565
440,868
70,000
2,310,184		 Total
2022
£
1,014,830
698,764
70,000
704,587
3,932,617 2,488,181
717,161
162,284
-		 526,815
90,000
172,910
879,445 789,725
18,593 14,904
Total
2023
£
-
473,079		 Total
2022
£
-
343,291
473,079 343,291
134,392
-
402,692		 39,928
-
271,469
537,084 311,397

34

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

4
Expenditure on (continued)
Notes
4b Charitable activities
Grants payable to Institutions:
Andrew's Charitable Trust
Centrerpoint
Depaul - Manchester
Deptford Ragged Trust
Foyer Federation
Foyles Women's Aid
Greater Manchester
Hope Nottingham
Look Ahead
Roundabout
St. Basil's
St. Basil's Live and Work
StreetSmart
Trac Cambridge
YMCA London City & North
YMCA St Paul
YMCA Together
1625 Independent People
Aspire Oxford
Assocation of Ukranians in GB - various
Beverley Cherry Tree Community Centre
Refugee Support & Resettlement - various
East Street Mews
Herts Youth Homeless
Investing in People and Culture
Latch Ltd
Local Solutions
Pendle New Neighbours
Positive Action in Housing Ltd
Shelter
The Albert Kennedy Trust
The Clock Tower Sanctuary
YMCA Norfolk & Trinity Group
Total Grants
Support costs
Returned grants
Gift in Kind (Pro Bono valued expended)
TOTAL
For the year ended 31st March 2023		 Unrestricted
Funds
£
183,176
57,100
90,000
120,000
1,100
10,000
1,300
24,000
15,000
1,250		 Restricted
Funds
£
61,575
10,000
1,300
133,166
80,000
5,000
240,000
431,057
35,000
30,000
50,000
25,000
7,500
44,711
10,000
40,360
6,000
11,400
4,800
20,000
12,825
5,000
10,000
14,603
17,103
4,600
19,300		 Total
2023
£
61,575
183,176
57,100
90,000
120,000
1,100
20,000
2,600
133,166
80,000
29,000
240,000
431,057
50,000
1,250
30,000
50,000
25,000
7,500
44,711
10,000
40,360
6,000
11,400
4,800
20,000
12,825
5,000
10,000
14,603
17,103
4,600
19,300
502,926
577,927
(10,175)
440,868		 1,330,300
 1,833,226
577,927
(10,175)
440,868
1,511,546 1,330,300 2,841,846

35

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

4b
Grants payable to Institutions:
Helping Hands Community Outreach
YMCA Bolton
One YMCA
Ymca North Tyneside
LATCH
Crossroads Derbyshire
Park Lodge
YMCA Thames Gateway
YMCA Thames Gateway
YMCA East Surrey
YMCA DownsLink Group
1625 Independent People, Bristol
Andrew's Charitable Trust
The Amber Foundation
YMCA Cornwall
New Horizon Youth Centre
New Horizon Youth Centre
Homeless Link
Look Ahead
Depaul UK
StreetSmart
The Beam Foundation
Shelter from the Storm
Segro Employability Fund
Centerpoint
City YMCA (LandAid House)
YMCA Trinity Group
Total Grants
Support costs
Returned Grants
Gift in Kind (Pro Bono valued expended)
TOTAL
For the year ended 31st March 2022
Charitable activities		 Unrestricted
Funds
£
20,000
95,000
108,900
110,000
75,000
12,500
100,000
66,500
41,916
100,000
14,880
42,228
40,000
15,300
120,000
26,360
20,000
35,397
45,000		 Restricted
Funds
£
81,950
44,987
24,500
50,000
18,772
45,000
10,034
30,000
14,603
5,000
23,303		 Total
2022
£
-
20,000
95,000
108,900
81,950
44,987
24,500
110,000
75,000
12,500
100,000
66,500
41,916
100,000
14,880
50,000
61,000
40,000
15,300
45,000
10,034
120,000
30,000
26,360
20,000
50,000
50,000
23,303
1,088,981
406,551
(52,550)
698,764		 348,149
-

-		 1,437,130
406,551
(52,550)
698,764
2,141,746 348,149 2,489,895

36

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023


For the year ended 31st March 2023
4c
4d		 Governance costs
Unrestricted funds
Audit
- LandAid charity - Audit fee
- LandAid charity - under provision for prior year
- LandAid Functions - Audit fee
- LandAid Functions - under/(over) provision for prior year
TOTAL
Support costs
Unrestricted funds
Wages and salaries
Recruitment expenses
Consultancy fees
Marketing
Miscellaneous
Travel, accommodation and subsistence
Office supplies
Rent and service costs
Insurance
Bank charges
IT expenses
Governance costs
4c
HR Expenses
Training
Depreciation
Tax Charge
Movement on bad debt provision
TOTAL		 Total
2023
13,944
2,026
7,008
0		 Total
2022
9,680
2,441
4,530
340
22,978 16,991
Total
2023
971,565
36,771
52,611
37,802
33,332
33,188
5,742
75,082
5,083
3,102
26,131
22,978
2,967
31,647
13,707
14,318
87,672		 Total
2022
731,889
13,350
7,722
32,181
4,341
6,296
4,907
87,174
3,823
1,782
20,344
16,991
8,848
15,618
7,364
-
58,681
1,453,698 1,021,311

37

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

4d Support costs (continued)
Allocated, on the basis of estimated time spent, to:
Direct fundraising
Charitable activities
Fundraising events
TOTAL
5
Staff Costs
a)
Analysis of total employee costs
Salaries and wages
Social security costs
Recruitment costs
Settlement costs
Pension costs:
Defined contribution schemes		 2023
£
473,079
577,927
402,692		 2022
£
343,291
406,551
271,469
1,453,698 1,021,311
2023
£
840,305
82,515
36,771
-
44,901		 2022
£
625,275
58,333
13,350
7,000
34,990
1,004,492 738,948

b) Employee costs

The number of employees whose emoluments exceeded £60,000 were:

Group Group
2023 2022
£60,001 - £70,000 1 1
£70,001 - £80,000 - -
£80,001 - £90,000 - 1
£90,001 - £100,000 1 -

The pension contribution for these employee's under defined contribution schemes was £13,499 (2022: £12,279).

c) Average monthly number of employees

Group Group
2023 2022
Office and management 21 16

d) Trustees and key management personnel

No trustee received remuneration during the year (2022: nil) and no Trustees received any reimbursed expenses (2022: nil).

Key Management Personnel include the Trustees and 6 members of the senior management team (2022: 3 members). The total remuneration received by Key Management Personnel was £384,543 (2022: £241,937). Pension contributions relating to senior management were £23,969 (2022: £15,517).

There are no employees within LandAid Functions.

38

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

6
Tangible Fixed Assets
Cost
At 1 April 2022
Additions
Disposals
As at 31 March 2023
Depreciation
At 1 April 2022
Depreciation charged in the year
Disposal
As at 31 March 2023
Carrying amount
As at 31 March 2023
As at 31 March 2022
7
Investments
Investment in LandAid Functions Ltd (note 7a)		 Group
2023
2		 Group
2022
2		 Charity
2023
2
2		 Computer
equipment
Group & Charity
£
36,034
56,024
-
92,058
9,657
13,707
-
23,364
68,694
26,377
Charity
2022
2
2 2 2

7a LandAid Functions Limited

The Charity owns the whole of the issued ordinary share capital of LandAid Functions Limited. The company is incorporated and registered in England and Wales, registration number: 02012882, and covenants its taxable profits to the Charity by Gift Aid. The principal activity of the company is to organise charity fundraising events on behalf of its parent company.

A summary of LandAid Functions Limited's trading results are shown below:

Statement of income and retained earnings
Turnover
Cost of sales
Gross profit
Administration expenses
Profit
Tax on profit on ordinary activities
Retained earnings brought forward
Donation to parent charity
Retained earnings carried forward		 2023
£
161,750
-
161,750
(85,147)
76,603
(14,318)
75,356
-
137,641		 2022
£
90,765
-
90,765
(15,409)
75,356
-
123,770
(123,770)
75,356

39

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

7a LandAid Functions Limited (continued)

Balance Sheet
Current assets
Debtors
Cash at bank
Current liabilities
Creditors
Net Assets
Called up share capital
Retained earnings
Shareholder funds
8
Debtors
Trade debtors
Other debtors
Bad Debt Provision
Amounts owed by group undertakings
Prepayments & accrued income
9
Creditors: Amounts falling due within one year
Trade creditors
Amounts owed to group undertakings
Other creditors - Grants payable
Other creditors - Pension payable
Taxation and social security
Accruals & deferred income
10 Deferred income
At 1 April
Released in the year
Deferred in the year
At 31 March		 Group
2023
£
41,700
403,878
(201,131)
-
389,846		 Group
2022
£
49,860
311,330
(113,460)
-
180,933		 46,620
179,495
226,115
(88,472)
137,643
2
137,641
137,643
Charity
2023
£
-
403,878
(195,731)
47,836
379,526
635,509
Charity
2023
£
31,948
-
1,645,342
7,990
30,697
17,789
1,733,766
Charity
2023
£
100,000
(100,000)
-
-		 74,612
74,271
148,883
(73,526)
75,357
2
75,355
75,357
Charity
2022
£
-
311,285
(103,260)
-
166,383
634,293 428,663 374,408
Group
2023
£
31,948
-
1,645,342
7,990
42,057
39,687		 Group
2022
£
2,253
-
1,630,393
5,778
34,823
169,068		 Charity
2022
£
2,254
20,402
1,630,393
5,778
19,917
110,449
1,767,024 1,842,315 1,789,193
Group
2023
£
153,750
(153,750)
7,250		 Group
2022
£
30,050
-
123,700		 Charity
2022
£
-
-
100,000
7,250 153,750 100,000

40

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

11 Capital and reserves

The company is limited by guarantee and does not have share capital. Each member gives a guarantee to contribute a sum, not exceeding £1, to the company should it be wound up. At 31 March 2023 there were 16 members (2022: 16).

12 Analysis of Group Net Assets between Funds

31 March 2023
Tangible assets
Fixed assets
Net current assets
31 March 2022
Tangible assets
Fixed assets
Net current assets		 Restricted
Funds
£
-
1,984,593
1,984,593
Restricted
Funds
£
-
1,004,709
1,004,709		 Designated
Funds
£
-
-		 Unrestricted
Funds
£
68,694
932,943		 Total
Funds
£
68,694
2,917,536
- 1,001,637 2,986,230
Designated
Funds
£
-
-		 Unrestricted
Funds
£
26,377
976,498		 Total
Funds
£
26,377
1,981,207
- 1,002,875 2,007,584

Within the Unrestricted Funds the amount of £62,285 (2022: £75,355) relating to LandAid Functions.

13 Statement of Funds - Group

Restricted Funds
M&G (YMCA St Pauls)
Property Race Day
Knight Frank - Day of Giving
StreetSmart
St Basils (Live and work)
Employability fund (SEGRO)
CBRE (Legacy Impact Fund)
Stantec (Depaul UK)
Frontier (Milton Keynes)
Lendlease
Fundraising income from sleepout (Regions)
Palmer Capital (Social Investment)
Palmer Capital (Ukraine Appeal)
CBRE (Ukraine operational costs)
Eastern Region
Trac Cambridge
Emergency COVID-19 Appeal
Total Restricted Funds
Total Unrestricted Funds
Total Funds		 1stApril
2022
£
-
120,571
29,205
487,500
205,724
-
-
-
-
-
135,426
-
-
-
26,149
-
134
1,004,709		 Incoming
Resources
£
25,000
100,251
3,773
520,000
176,953
85,000
250,000
8,000
170,000
50,000
156,366
423,575
228,130
50,000
28,136
35,000
-
2,310,184		 Outgoing
Resources
£
-
(128,188)
(29,205)
(431,057)
(240,350)
(20,028)
(176,659)
-
-
(25,000)
(56,579)
-
(141,485)
(23,100)
(23,649)
(35,000)
-
(1,330,300)		 Fund
Transfers
& losses
£
-		 31stMarch
2023
£
25,000
92,634
3,773
576,443
142,327
64,972
73,341
8,000
170,000
25,000
235,213
423,575
86,645
26,900
30,636
-
134
1,984,593
1,002,875 2,520,471
4,830,655		 (2,521,709) 1,001,637
2,007,584 (3,852,009) - 2,986,230

41

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

13 Statement of Funds - Group and Company (continued)

Restricted Funds

Property Race Day

Property Race Day fund are restricted , the amount raised by the event will help create a home for young people leaving the care system.

StreetSmart

Donations received from StreetSmart is for a variety of projects across the UK, creating safe, secure accommodation for young people experiencing homelessness.

Live and Work project

The amount raised from Birmingham sleepout is restricted to the Live and Work project.

Palmer Capital (Social Investment)

This sum was received in June 2022 to fund the projected LandAid Social Investment programme where is is planned to purchase a property for refurbishment to provide accommodation for young homeless individuals

Knight Frank - Day of Giving

The amount raised from Knight Frank (Day of Giving event) is restricted to Shelter, AKT and Centerpoint

Frontier (Milton Keynes)

Received in June 2022 from Fiera Real Estates to fund refurbishmen works to provide accommodation for young homeless individuals

Transfer and Losses

Regions - SleepOut

Fundraised income from the sleepout is restricted to projects in the Midlands, Northwest, Southwest & Wales, Yorkshire, London SE & Cambridge.

For the year ended 31st March 2022

Restricted Funds
LandAid House - City YMCA
Renew Leeds
Property Race Day
Knight Frank - Day of Giving
StreetSmart
St Basils (Live and work)
Cambridge Sleepeasy
M7
Segro (Look Ahead)
Story of Christmas (Look Ahead)
First Step Appeal
Fundraising income from sleepout (Regions)
1625 IP
Eastern Region
Emerrgency COVID-19 Appeal
Total Restricted Funds
Total Unrestricted Funds
Total Funds		 1stApril
2021
£
-
-
103,925
-
100,000
72,298
5,250
-
-
45,000
109,591
122,008
-
-
-
558,072		 Incoming
Resources
£
5,000
-
16,646
43,808
387,500
133,426
18,053
-
-
-
150,652
95,798
332
26,149
134
877,498		 Outgoing
Resources
£
(5,000)
-
-
(14,603)
-
-
(23,303)
-
-
(45,000)
(260,243)
-
-
-
-
(348,149)		 Fund
Transfers
& losses
£
-
-
-
-
-
-
-
-
-
-
-
(82,380)
(332)
-
-
(82,712)		 31stMarch
2022
£
-
-
120,571
29,205
487,500
205,724
-
-
-
-
-
135,426
-
26,149
134
1,004,709
1,301,284 2,415,313 (2,796,434) 82,712 1,002,875
1,859,356 3,292,811 (3,144,583) - 2,007,584

42

LandAid Charitable Trust Limited (Limited by Guarantee) Notes to the Financial Statements (continued) For the year ended 31st March 2023

14 Related Party Transactions

The charity has a close working relationship with the British Property Federation (BPF) within whose offices its own office is situated. The BPF have provided office space and offers additional logistical and office services for an annual service charge of £4,040 (2022: £16,211) including VAT and promotes the work of the charity. The charity has now moved into Knight Frank office in Baker Street with who thay have a close working relationship. Knight Frank have provided office space to the charity worth £70,000 as a gift in kind.

The Trustees and their companies donated a total of £211,808 to LandAid Charitable Trust in the year (£216,949 in 2021/22). LandAid Functions also received £nil of events and sponsorship income from the Trustees and their companies (£37,800 in 2021/22).

15 Reconciliation of net incoming resources to net cash inflow from operating activities

Net (Outgoing)/ Incoming resources for the year
Depreciation charges
Interest received
Loss on investments
(Decrease) in debtors
Decrease in creditors
Net cash (outflow)/ inflow from operating activities		 2023
£
871,969
(42,317)
(18,593)
-
(205,629)
32,085		 2022
£
248,227
(20,913)
(14,904)
-
(128,205)
250,296
637,515 334,501
-

16 Pension Scheme

The Charity operates a defined contribution pension scheme on behalf of certain employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The outstanding commitment for contributions due under this scheme as at 31 March 2023 is £7,990 (2022: £5,778).

17 Agency Transactions

Agency Transactions
In accordance with the SORP, agency transactions are excluded from the accounts.
The amounts excluded are as follows:
Bal B/fwd
Income
Expenditure		 2023
2022
£
£
28,896
107,582
107,600
31,545
(114,803)
(110,231)
21,693
28,896

LandSec

Landsec is a property company that creates places that make a lasting positive contribution to communities and our planet. Landsec is a LandAid Strategic Partner. LandAid manages a Landsec grants programme under a management agreement. The decisions regarding the projects supported through this programme are made by the trustees of Landsec. Therefore SORP requires these transactions to be treated as agency transactions. At the balance sheet date the charity held £21,693 (2022: £28,896) which it had received from Landsec, but not yet spent on projects approved by Landsec.

Accordingly, in line with the Statement of Recommended Practice (“SORP”) on charity accounts the transactions related to the above funding requires that they are treated as having been received by the charitable funds as an agent, and in line with the SORP these transactions are recognised in neither the Statement of Financial Activities nor the balance sheet of the charitable funds. Details of those transactions are set out in this note above.

43